Center for Consumer Financial Research
Established as a division of the Institute for Financial Literacy® in
2007, the mission of the Center for Consumer Financial Research is to expand
and disseminate the body of independent, unbiased research within the field
of financial literacy. The Center accomplishes this mission by objectively
assessing the effectiveness of financial education efforts, researching
consumer financial behavior and publishing its findings.
Initial research efforts will be based upon the collection of comprehensive
demographic data for consumers filing bankruptcy nationwide. Prior research
developed and published by the Institute for Financial Literacy from 2006
and 2007 accurately mirrors demographic data independently developed and
published by both government and industry. The sample size and its correlation
with independently developed population data validate the representative
nature of the sample data.
This capacity to create viable mini-model analysis from ongoing large-scale
data collection adds to the developing body of knowledge on the impact
of financial literacy education and offers the potential for long term
research into consumer financial behavior. In turn, this research can inform
the policy decisions of a broad range of governmental, financial services,
educational, economic and social science interests.
For further information about the Center for Consumer Financial Research,
please call us at 207-221-3613.